Interest rate fears keep FTSE flat

clock

The FTSE 100 has ended the day down 0.8 points, or 0.01%, to 6,155.2, on expectations interest rates will rise to 5% next month after news GDP has grown at its fastest rate for two years.

British Energy Group was the biggest drag on the index with a drop of 4.58% to 448p, closely followed by Northern Rock which fell 1.26% to £11.76, while insurer Prudential slipped 1.24% to 637.5p. Scottish & Newcastle also ended lower with a drop of 1.24% to 559p, closely followed by Reckitt Benckiser which has slipped 1.22% to £21.86, although losses were limited by Reuters which climbed 1.78% to 443.25p. Hammerson posted the biggest gains with a rise of 2.61% to £13.35, closely followed by Intercontinental Hotels which gained 2.52% to 997p, while miner Kazakhmys climbed 1.87% to £12....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why portfolios need to evolve, not revolve when it comes to client outcomes

Why portfolios need to evolve, not revolve when it comes to client outcomes

'As market structures evolve, so must portfolio construction'

Ed Senior
clock 11 September 2026 • 4 min read
What does 'quality' investing actually mean?

What does 'quality' investing actually mean?

Why persistence is the real test

Joseph Stephens and Laura Neill
clock 11 September 2026 • 4 min read
Gabriel Sacks: Confronting concentration risk in Asia

Gabriel Sacks: Confronting concentration risk in Asia

'Asia's smaller companies merit much more attention than they routinely receive'

Gabriel Sacks
clock 10 September 2026 • 4 min read